Brasa Capital Management LP

Item 5:         Fees and Compensation
The Blind Pool Funds

Each Blind Pool Fund generally pays the Adviser an annual management fee in exchange for
investment advisory services as set forth in more detail in such Fund’s Governing Documents.
The general partner of a Blind Pool Fund will generally make capital calls on Fund investors
for the amount of the Adviser’s management fees and pay the amounts received to the
Adviser. In addition to the management fees described above, the general partner of each
Blind Pool Fund will also be entitled to receive a carried interest allocation from such Fund
after certain performance hurdles have been met, as further described in the applicable
Fund’s Governing Documents. Such carried interest represents a portion of each Blind Pool
Fund’s net investment profits. The management fee and carried interest are generally subject
to waiver or reduction by the applicable general partner with respect to some or all of a
Fund’s limited partners in the Adviser’s sole discretion, as further described in each Fund’s
Governing Documents.

The Blind Pool Funds bear all costs and expenses incurred in connection with the
organization and formation of the applicable Fund and general partner entities, and, as
applicable, the Adviser and its respective affiliates, the offering and sale of the interests in the
Fund and the acceptance and admission of limited partners to the Fund, including, without
limitation, legal and accounting fees and expenses, printing costs, registration and filing fees
and the travel, transportation, meal and lodging expenses of the personnel of the Adviser and
its respective affiliates (but excluding any placement fees); provided that organizational
expenses payable by the Blind Pool Funds are subject to caps, as set forth in the applicable
Fund Governing Documents. Organizational expenses in excess of such caps and any
placement fees are paid by the Blind Pool Funds but borne by the Adviser through a 100%
offset against the management fee. Additionally, breakup fees, monitoring fees and
transaction fees for certain of the Blind Pool Funds are paid by those Funds but borne by the
Adviser through a 100% offset against the management fee.

In addition, each Blind Pool Fund is responsible for all fees, costs, expenses, liabilities and
obligations relating to maintaining the operations of such Fund and/or its activities, business,
subsidiaries or actual or potential investments (to the extent not borne or reimbursed by a
subsidiary or investment), including, without limitation, all fees, costs, expenses, liabilities
and obligations attributable to: (i) activities with respect to developing (including costs and
expenses of tenant and capital improvements), negotiating, structuring, organizing,
acquiring, financing, refinancing, hedging, bidding on, owning, holding, managing, operating,
servicing, monitoring, leasing, valuing, hedging, dissolving, winding up, liquidating,
restructuring, taking public or private, selling or otherwise disposing of, as applicable, any
actual or potential investment, including costs incurred in connection with pursuing possible
investments that are not subsequently acquired, including, without limitation, taxes, fees and
other governmental charges levied against such Fund; premiums for any litigation, D&O, E&O,
representation and warranty, cybersecurity liability or other insurance protecting such Fund
and any indemnified parties from liabilities to third persons in connection with such Fund’s
affairs; administrative and research fees; fees for outside services; software costs; expenses
of custodians, outside advisors, counsel (including such Fund’s counsel), accountants,

auditors, administrators; (ii) the costs and guarantee fees, travel and entertainment expenses
(including expenses related to attendance at conferences) in connection with the sourcing,
investigation, evaluation, development, acquisition or consummation, ownership,
maintenance, monitoring, hedging or disposition of investments (including the evaluation of
potential investments, irrespective of whether any such investment is ultimately
consummated); trade association membership fees, brokerage commissions, custodial
expenses, litigation expenses (including the amount of any judgments or settlements paid in
connection therewith); liquidation expenses, expenses incurred in connection with any tax
audit, investigation, settlement or review and costs of any services provided by a general
partner or its affiliates in accordance with such Fund’s Governing Documents; (iii)
indebtedness of, or guarantees made by, such Fund, the Adviser, the general partner or any
of their respective affiliates on behalf of such Fund (including any credit facility, letter of
credit or similar credit support), including interest with respect thereto, or of seeking to put
in place any such indebtedness or guarantee; (iv) broker, dealer, finder, underwriting
(including both commissions and discounts), loan administration, private placement fees,
sales commissions, investment banker, finder, and similar services; (v) brokerage, sale,
custodial, depository, trustee, record keeping, account, and similar services; (vi) legal,
accounting, auditing, administration (including fees and expenses associated with such
Fund’s third-party administrator and administration or reporting software, if any),
information, appraisal, advisory, valuation (including third-party valuations, appraisals, or
pricing services), real estate title, survey, hedging, consulting (including consulting and
retainer fees and other compensation paid to consultants performing investment initiatives
and other similar consultants), tax and other professional services; (vii) property
management, leasing, construction management, development, environmental, and other
similar services; (viii) reverse breakup, termination, and other similar fees; (ix) financing,
...

Item 7:        Types of Clients
The Adviser’s clients are the Funds. The investors in the Funds generally include
endowments, foundations, public and private pension funds, funds-of-funds, U.S. and non-U.S.
institutional investors, family offices, and high net worth individual investors.

Interests in each of the Funds are offered (or were offered, during a Fund’s applicable offering
period) to qualified investors in reliance upon an exemption from the registration
requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Funds are
not registered under the Investment Company Act of 1940, as amended (the “Investment
Company Act”), in reliance upon one or more exclusions from the definition of “investment

company” therein. Certain employees can also invest in the Funds if they meet the definition
of “knowledgeable employee” in Rule 3c-5 of the Investment Company Act.

The minimum capital commitment of an investor in the Funds ranges from $5,000,000 to
$10,000,000 depending on the Fund, although lesser commitment amounts may be accepted
in the discretion of the Adviser. Third parties in joint venture entities may be subject to
minimum capital commitments, at the discretion of the Adviser.